Common use of AMT Credits Clause in Contracts

AMT Credits. In the event that ASLI leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASIC shall be reimbursed by ASLI to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASLI shall be reimbursed by ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Tax Sharing Agreement (American States Financial Corp)

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AMT Credits. In the event that ASLI ASL leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASIC shall be reimbursed by ASLI ASL to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASLI ASL shall be reimbursed by ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Tax Sharing Agreement (American States Financial Corp)

AMT Credits. In the event that ASLI ASP leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASIC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASIC shall be reimbursed by ASLI ASP to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASLI ASP shall be reimbursed by ASIC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Tax Sharing Agreement (American States Financial Corp)

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AMT Credits. In the event that ASLI ASIC leaves the LNC Consolidated Group, the amount of AMT credit which it shall be allowed to carry over without any obligation to reimburse ASIC ASFC shall not exceed the amount allocated pursuant to Section I.B.3, above. ASIC ASFC shall be reimbursed by ASLI ASIC to the extent that any AMT credit actually carried over exceeds the amounts calculated in Section I.B.3., at the time of the deconsolidation. Also, ASLI ASIC shall be reimbursed by ASIC ASFC to the extent that it is permitted to carry over less than the amount calculated in Section I.B.3.

Appears in 1 contract

Samples: Tax Sharing Agreement (American States Financial Corp)

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